Treasuries

52 tokenized assets with $8.7B TVL

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Asset	Issuer↕	TVL↓	Price↕	APY↕	Access
USDY Ondo US Dollar Yield	Ondo Finance	$1.1B	$1.00	---	KYC
JTRSY Janus Henderson Anemoy Treasury Fund	Janus Henderson	$871.1M	$1.00	---	KYC
WTGXX WisdomTree Government Money Market Fund	WisdomTree	$751.9M	$1.00	---	KYC
USDtb Ethena USDtb	Ethena Labs	$727.2M	$1.00	---	KYC
USTB Superstate Short Duration US Government Securities Fund	Superstate	$676.1M	$1.00	---	KYC
USD0 Usual USD	Usual	$552.4M	$1.00	---	Open
CUMIU ChinaAMC USD Digital Money Market Fund Class I	ChinaAMC	$549.6M	$1.00	---	KYC
spUSDT Spark USDT Deposit	MakerDAO	$430.3M	$1.00	---	Open
cUSDCv3 Compound USDC	Compound	$334.9M	$1.00	---	Open
spUSDC Spark USDC	Spark Protocol	$306.8M	$1.00	---	Open
spDAI Spark Dai	Spark Protocol	$299.2M	$1.00	---	Open
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock BUIDL	$245.7M	$1.00	---	Open
BUIDL BlackRock USD Institutional Digital Liquidity Fund	BlackRock	$191.5M	$1.00	---	KYC
OUSG Ondo Short-Term US Government Bond Fund	Ondo Finance	$186.0M	$1.00	---	KYC
sDAI Savings Dai	MakerDAO	$175.4M	$1.00	---	Open
aUSDC Aave USDC	Aave	$166.3M	$1.00	---	Open
yXL yXLM Ultra Stellar yXLM	Ultra Stellar	$146.1M	$1.00	---	Open
aDAI Aave DAI	Aave	$121.3M	$1.00	---	Open
BEL BELIF Bosera Digital Liquidity Income Fund	Bosera	$102.7M	$1.00	---	KYC
thBILL Theo Short Duration US Treasury Fund	Theo	$99.0M	$1.00	---	KYC
MORPH-USDC Steakhouse USDC (Morpho)	Morpho	$95.2M	$1.00	---	Open
MOR MORPH-USDT Steakhouse USDT (Morpho)	Morpho	$85.5M	$1.00	---	Open
USYC Hashnote US Yield Coin	Hashnote	$80.8M	$1.00	3.20%	KYC
FDIT Fidelity Treasury Digital Fund	Fidelity	$76.7M	$1.00	---	KYC
USTBL Spiko US T-Bills Money Market Fund	Spiko	$58.6M	$1.00	---	KYC
mTBILL Midas TBILL	Midas	$53.2M	$1.00	---	KYC
BENJI Franklin OnChain US Gov Money Fund	Franklin Templeton	$47.9M	$1.00	---	KYC
TBILL OpenEden T-Bill Vault	OpenEden	$31.5M	$1.00	3.43%	KYC
USTBL.a Spiko US T-Bills Money Market Fund	Spiko	$25.7M	$1.00	---	KYC
STBT Matrixdock Short-term Treasury Bill Token	Matrixdock	$23.2M	$1.00	---	KYC
VBILL VanEck Treasury Fund	VanEck	$20.7M	$1.00	---	KYC
USUAL Usual	Usual USD0	$17.0M	$1.00	---	Open
ULTRA Delta Wellington Ultra Short Treasury On-Chain Fund	Delta Wellington	$16.9M	$1.00	---	KYC
WTGXX.a WisdomTree Government Money Market Fund	WisdomTree	$11.2M	$1.00	---	KYC
yvUSDC Yearn USDC Vault	Yearn Finance	$5.3M	$1.00	---	Open
stUSDT stUSDT Staked USDT	stUSDT	$1.8M	$1.00	---	Open
nTBILL Nest Treasuries Vault	Nest/Plume	$1.6M	$1.00	---	KYC
USDM Mountain Protocol USD	Mountain Protocol	$1.3M	$1.00	---	KYC
bIB01 Backed IB01 $ Treasury Bond 0-1yr	Backed Finance	$0.00	---	---	KYC
bIBTA Backed IBTA $ Treasury Bond 1-3yr	Backed Finance	$0.00	---	---	KYC
CUMBU ChinaAMC USD Digital Money Market Fund Class B	ChinaAMC	$0.00	---	---	KYC
FIUSD Fidelity ILF USD Fund Class G	Sygnum Bank	$0.00	---	---	KYC
fDAI Flux DAI	Flux Finance	$0.00	---	---	KYC
fFRAX Flux FRAX	Flux Finance	$0.00	---	---	KYC
USD USD+.b Overnight USD+ (Base)	Overnight Finance	$0.00	---	---	KYC
sUSDS Sky Dollar Savings	Sky (Maker)	$0.00	---	---	Open
SEUR Spiko Euro Money Market	Spiko	$0.00	---	---	KYC
sUSDf Staked Falcon USD	Falcon Finance	$0.00	---	---	Open
sFRAX Staked FRAX	Frax Finance	$0.00	---	---	Open
stUSD Staked USDA	Angle Protocol	$0.00	---	---	Open

Showing 1–50 of 52

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DeFi Terminal tracks 52 tokenized treasuries assets with $8.7B in total value locked. Tokenized treasuries represent US government debt instruments brought on-chain. These products typically hold short-duration T-bills and offer yields closely tracking the federal funds rate. They provide DeFi users with low-risk, dollar-denominated yield without leaving the blockchain ecosystem. Major issuers include BlackRock (BUIDL), Franklin Templeton (BENJI), Ondo Finance (USDY), and Hashnote (USYC).